Critical Software shows a 15% growth in 2011
The external market related business has grown 45% in comparison to 2010
10 Apr 2012
Critical Software recorded more than 20 million Euros of total revenue in 2011, which represents an increase of 15% in comparison to the previous 12 months. These numbers further show an operational result (EBT) of 1.1 million Euros, while the rate between EBITDA and sales reached 11%.
Both the company’s activity growth, and its productivity, is the result of a significant increase of exports and of its external presence. The operations in the UK, Brazil, United States, Mozambique and Angola have grown substantially when compared to 2010 and were decisive for the good results obtained by Critical.
“These results mirror the growth strategy we have been following. We want to promote Portuguese technology in the World, thereby committing our strategy to the importance of the axis Europe – USA – Brazil – African Portuguese-speaking countries. We further want to implement competence centres in the different geographies, so that we can function in network and continue to deliver on our promises – a technology that satisfies the most demanding, where failure is not an option,” points out Marco Costa, Chief Executive Officer of the Portuguese technical company.
Critical Software’s external business is homogeneously distributed throughout the different geographies in which it operates. The African operation was the one showing the strongest growth rate, a position which Brazil is expected to occupy soon. Germany and the UK are still the strongest markets as regards to exports.
Noteworthy is also the fact that Critical Software has started operating in Singapore. This is a strategic decision which aims to support the company’s growing business volume in that geography, ensuring a greater proximity with the local organisations, while also propelling the establishment of one more international competence centre.
In the future, Critical Software plans to proceed with its growth strategy based on internationalisation and on an adjustment of products and services mix. “The company’s expected business for 2012 remains in line with the evolution recorded in 2011 – a two-digit growth and full commitment to improving our resources to generate wealth,” states Marco Costa.
8 Feb 2013